Active use of macroprudential tools such as the countercyclical buffer is “vital” to enable monetary policy to remain focused on the Federal Reserve’s dual mandate, a Fed Board governor told a gathering Tuesday in New […]
U.S. banking organizations continue to maintain strong capital and liquidity levels, with healthy loan growth and continued profitability, the Federal Reserve said in a report issued Tuesday. In its latest financial supervision and regulation report, […]
Settlements with related firms that misrepresented costs of offering and extending financing for airline tickets to members of the military and their families resulted in a “suspended judgment” of nearly $3.5 million, and a civil […]
Banks and thrifts earned $57.4 billion in the third quarter, down from the same period a year earlier by only because three large banks recorded “nonrecurring events,” the federal insurer of bank deposits said Tuesday. […]
Predominantly rural counties that are less economically advantaged and have residents with lower levels of education experienced “considerable declines” in the number of bank branches closed between 2012 to 2017, according to a report issued […]
Rates in all fee schedules will fall by 10% in 2020 for the regulator of national banks, the result of what the agency said Monday is better operating efficiencies over the past few years. In […]
Two research papers about small servicers in mortgage lending and the experience of student loan borrowers in income-driven repayment (IDR) programs were issued by the Consumer Financial Protection (CFPB) Friday. The paper on small services, […]
A firm that prepares background screening reports on job applicants will be required to pay $6 million in monetary relief to affected consumers – and a $2.5 million civil money penalty – to resolve allegations […]
Pace University on Friday won the 16th annual national College Fed Challenge, a competition held by the Federal Reserve to encourage students to learn about the U.S. economy, monetary policymaking and the Fed’s role. The […]
Akshay Aiyer, a former currency trader, was convicted Wednesday in the U.S. District Court for the Southern District of New York for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies […]
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